Oil Rises for Fourth Day

OntarioVanMan · Dec 21, 2011

Here we go again...

Oil Rises for Fourth Day as U.S. Supplies Drop Most in a Decade - Bloomberg

ChrisGa23 · Dec 21, 2011

paid $2.98 for gas few days ago. Hope it dont go up to much

Monty · Dec 22, 2011

Was $2.98 here at home this morning ... was $3.39 by afternoon ...

fastman_1 · Dec 22, 2011

Jumped 30 cents here.

layoutshooter · Dec 22, 2011

One news report this morning is suggesting that fuel prices next year will be higher than last. They see little relief.

Turtle · Dec 22, 2011

Gas prices are jumping 30-50 a gallon here for the Christmas Driving Season. They'll drop right back down after the first of the year. It's criminal.

OntarioVanMan · Dec 22, 2011

Turtle said:
Gas prices are jumping 30-50 a gallon here for the Christmas Driving Season. They'll drop right back down after the first of the year. It's criminal.

Did you read the article? It looks more to do with taxes the refiners pay...

Turtle · Dec 22, 2011

Yep. Read it. Lower stockpiles for reduced taxes doesn't effect supply, and shouldn't affect the price at the pump more than a few cents (less than 8 cents, actually). This is pure price gouging, based on the anticipation that 9 or 10 holiday travelers will be driving, up from previous years. On January 2 the stockpiles will still be at low levels, taxes will have been assessed, and the price at the pump for gasoline will drop back down to about $3.10 or less.

OntarioVanMan · Dec 22, 2011

Turtle said:
Yep. Read it. Lower stockpiles for reduced taxes doesn't effect supply, and shouldn't affect the price at the pump more than a few cents (less than 8 cents, actually). This is pure price gouging, based on the anticipation that 9 or 10 holiday travelers will be driving, up from previous years. On January 2 the stockpiles will still be at low levels, taxes will have been assessed, and the price at the pump for gasoline will drop back down to about $3.10 or less.

Your "Official" prediction?....